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Telefonica Espana Chooses Ulticom for Major Prepaid Calling System Upgrade Signalware on Linux Platform Lowers Operating Costs and Improves Performance MOUNT LAUREL, NJ, Sep 23, 2008 (MARKET WIRE via COMTEX) -- Telefonica Espana has chosen Ulticom's(R) (PINKSHEETS: ULCM) Signalware(R) application development and deployment platform as the foundation for the evolution of its prepaid wireless IN infrastructure in Spain, Ulticom announced today. Ulticom distributor partner and integrator Mantica Solutions is advising Telefonica on its program to evolve and consolidate its service delivery platform base by adopting Linux-based technologies and applications. Ulticom's Signalware SS7 platform for Linux -- including software and PCI Express boards -- will be the primary signaling platform for Telefonica's prepaid wireless services and the foundation for next-generation, fixed-mobile converged charging. The new signaling platform will enable Telefonica to achieve service consolidation, outstanding performance and infrastructure cost-saving. Other Ulticom-powered deployments by Telefonica in Spain include Presence and Location services. "Ulticom's Signalware platform has already proven itself in seven years of service in the Telefonica network, and we expect it to be a pivotal part of our prepaid services in the coming years. We have experienced a significant improvement in terms of performance and availability, and are impressed with the high level of quality, service and support provided by Ulticom and Mantica," said Jose Gallego, Director of Services Capabilities for mobile services at Telefonica Espana. "Flexibility, control, and a rich feature set continue to make Telefonica's prepaid services an attractive offering for wireless subscribers," said Shawn Osborne, President and CEO of Ulticom, Inc. "We take pride in working with leading wireless service providers such as Telefonica where quality, robustness, and scale combine to deliver high value services." "Ulticom and Mantica continue to benefit from a long-standing, productive partnership," said Carlos Egea, Director of Sales and Business Development, Mantica. "Ulticom's industry leading signaling solutions portfolio, combined with Mantica's local technical consulting and support, proves to be an attractive value proposition to Telefonica." About Ulticom, Inc. Ulticom provides service essential signaling solutions for wireless, wireline, and Internet communications. Ulticom's products are used by leading telecommunication equipment and service providers worldwide to deploy mobility, location, payment, switching, and messaging services. Ulticom is headquartered in Mount Laurel, NJ with additional offices in the United States, Europe, and Asia. For more information please visit About Telefonica Telefonica is one of the largest telecommunications companies in the world in terms of market capitalisation. Its activities are centered mainly on the fixed and mobile telephony businesses with broadband as the key tool for the development of both. The company has a significant presence in 25 countries and a customer base that amounts more than 245 million accesses around the world. Telefonica has a strong presence in Spain, Europe and Latin America, where the company focuses an important part of its growth strategy. Telefonica is a 100% private company, with more than 1.5 million direct shareholders. Its share capital currently comprises 4,704,996,485 ordinary shares traded on the Spanish Stock Market (Madrid, Barcelona, Bilbao and Valencia) and on those in London, Tokyo, New York, Lima, Buenos Aires and Sao Paulo. For more information please visit About Mantica Solutions Based in Madrid, Spain, Mantica Solutions is a distributor of core network enabling technology and solutions for telecom operators, equipment providers and ISVs. In addition, MANTICA provides support and specialized professional services. The company counts on a team of first-class professionals. Shareholders come from Spanish Telecom and Financial firms with years of experience on international sales and development of strategic alliances with technology providers. Engineering team has extensive background in Telecom Core Networking, Support services and Project Management in the fields of SS7 signaling, IN and next generation Service Delivery Platforms based on new emerging and converged technologies. For more information please visit Note: This release contains "forward-looking statements" for purposes of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. There can be no assurances that the results predicted in any such forward-looking statements will be achieved, and actual events or results could differ materially from the results predicted or from any other forward-looking statements made by, or on behalf of, Ulticom, and should not be considered as an indication of future events or results. Important factors that could cause actual results to differ materially include: the results of Ulticom's evaluation of revenue recognition based on the application of SOP 97-2 specifically relating to vendor specific objective evidence; the impact of, and ability to successfully complete, the restatement of Ulticom's financial statements required in connection with the completed Audit Committee investigations relating to historical option grant practices and other unrelated historical accounting practices affecting fiscal 1996 through 2003 and relating to the SOP 97-2 analysis; the impact of any SEC enforcement action that could be brought against Ulticom in light of the Wells Notice received from the SEC on March 20, 2008 relating to possible violations of the federal securities laws arising from the historical option grant practices and unrelated historical accounting practices that were the subject of the completed Audit Committee investigations; Ulticom's inability to file required reports with the Securities and Exchange Commission; the risks of dealing with potential claims and proceedings that may be commenced concerning such matters; risks associated with the delisting of Ulticom's shares from The NASDAQ Stock Market and the quotation of Ulticom's common stock in the "Pink Sheets," including any adverse effects related to the trading of the stock due to, among other things, the absence of market makers; risks of litigation and of governmental investigations or proceedings arising out of or related to Ulticom's stock option grants or other unrelated accounting practices, as well as any restatement of Ulticom's financial statements of Ulticom; risks associated with the development and acceptance of new products and product features; risks associated with Ulticom's dependence on a limited number of customers for a significant percentage of Ulticom's revenues; changes in the demand for Ulticom's products; changes in capital spending among Ulticom's current and prospective customers; aggressive competition that may force Ulticom to reduce prices; risks associated with rapid technological changes in the telecommunications industry; risks associated with making significant investments in the expansion of the business and with increased expenditures; risks associated with holding a large proportion of Ulticom's assets in cash equivalents and short-term investments; risks associated with Ulticom's products being dependent upon their ability to operate on new hardware and operating systems of other companies; risks associated with dependence on sales of Ulticom's Signalware products; risks associated with future networks not utilizing signaling systems and protocols that Ulticom's products are designed to support; risks associated with the products having long sales cycles and the limited ability to forecast the timing and amount of product sales; risks associated with the integration of Ulticom's products with those of equipment manufacturers and application developers and Ulticom's ability to establish and maintain channel and marketing relationships with leading equipment manufacturers and application developers; risks associated with Ulticom's reliance on a limited number of independent manufacturers to manufacture boards for Ulticom's products and on a limited number of suppliers for board components; risks associated with becoming subjected to, defending and resolving allegations or claims of infringement of intellectual property rights; risks associated with others infringing on Ulticom's intellectual property rights and the inappropriate use by others of Ulticom's proprietary technology; risks associated with Ulticom's ability to retain existing personnel and recruit and retain qualified personnel; risks associated with the increased difficulty in relying on equity incentive programs to attract and retain talented employees and with any associated increased employment costs; risks associated with rapidly changing technology and the ability of Ulticom to introduce new products on a timely and cost-effective basis; risks associated with changes in the competitive or regulatory environment in which Ulticom operates; and other risks described in filings with the Securities and Exchange Commission. All such documents are available through the SEC's website at or from Ulticom's web site at Ulticom makes no commitment to revise or update any forward-looking statements in order to reflect events or circumstances after the date any such statement is made, except as otherwise required by the federal securities laws. Copyright 2008 Ulticom, Inc. All rights reserved. Ulticom, Signalware and nSignia are trademarks of Ulticom, Inc. All other products referenced are trademarks of their registered holders. Contacts: Media: Ulticom, Inc. Kevin Byrne (856) 787-2713 Email Contact Investors: Ulticom, Inc. Chris Tunnard (856) 787-2972 Email Contact
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